Apparently, the precursor to gentrification, “White Flight”, was partially due government subsidies and sleazy businesses.

The government was afraid of a nuclear attack wiping out the intelligence. So they encouraged people with mortgage subsidies to move out of urban neighborhoods.

Predatory mortgage lenders and developers made it worse by fanning the flames of racial tension.

They would print flyers pretending to be written by black “thugs” threatening white families.

In some cases, they would ask to buy houses in cash. If the family refused, they would have someone attack the house overnight and ask again the next day.

Sounds sort of like 2008.

http://99percentinvisible.org/episode/turf-wars/

^Day 49/90 108 words

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